WSP Holdings Appoints New Independent Director

WSP Holdings Limited, a leading Chinese manufacturer of seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction, announced that Mr. Anthony J. Walton has accepted the appointment as an independent director of its board of directors. Mr. Walton will also serve on the Company's Nominating and Corporate Governance Committee.

Mr. Walton has been the Vice Chairman, Americas, for Standard Chartered Bank since 2005. He was a Partner at McFarland Dewey & Company, LLC, a private investment banking firm in New York, from 1998 to 2004, and served as President of Armstrong Holdings Corp., a private investment company and corporate finance advisory firm, from 1994 to 1998. He worked at Westpac Banking Corporation from 1983 to 1993 as a Director and Chief General Manager of the Americas and Europe Group, and Executive Vice President and General Manager of the Americas Division. Mr. Walton held different executive positions at Chase Manhattan Bank, N.A. from 1968 to 1983. Mr. Walton received a BA from Haverford College and a MBA in International Finance from the Wharton Graduate School of Finance at the University of Pennsylvania.

"We are delighted and honored by Mr. Walton joining our board of directors. We value the experience and credentials he brings to the Company and look forward to working with him on our board," said Mr. Longhua Piao, WSP Holdings' Chairman and Chief Executive Officer. "We believe Mr. Walton's active participation on our board as an independent director will enhance its ability to guide the activities of WSP Holdings."